Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Short Interest Update

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 147,100 shares, a drop of 12.4% from the January 15th total of 168,000 shares. Based on an average trading volume of 253,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

A number of research analysts have issued reports on the company. TheStreet raised Controladora Vuela Co Avcn SA CV from a “d+” rating to a “c” rating in a report on Monday, October 28th. Zacks Investment Research raised Controladora Vuela Co Avcn SA CV from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a report on Saturday, January 11th. Cowen lifted their price objective on Controladora Vuela Co Avcn SA CV from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, Barclays reissued a “buy” rating and set a $16.00 price objective on shares of Controladora Vuela Co Avcn SA CV in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.00.

Controladora Vuela Co Avcn SA CV stock opened at $13.34 on Friday. The stock has a 50-day simple moving average of $11.71 and a 200 day simple moving average of $10.55. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 8.72. Controladora Vuela Co Avcn SA CV has a 12-month low of $7.63 and a 12-month high of $13.45. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.16 and a beta of 1.27.

Several institutional investors have recently added to or reduced their stakes in VLRS. AQR Capital Management LLC bought a new stake in Controladora Vuela Co Avcn SA CV in the 4th quarter valued at $1,026,000. Marshall Wace LLP raised its stake in Controladora Vuela Co Avcn SA CV by 1,569.5% in the 4th quarter. Marshall Wace LLP now owns 77,063 shares of the transportation company’s stock valued at $803,000 after acquiring an additional 72,447 shares during the period. Marshall Wace North America L.P. raised its stake in Controladora Vuela Co Avcn SA CV by 746.9% in the 4th quarter. Marshall Wace North America L.P. now owns 176,052 shares of the transportation company’s stock valued at $1,836,000 after acquiring an additional 155,264 shares during the period. Goldman Sachs Group Inc. bought a new stake in Controladora Vuela Co Avcn SA CV in the 4th quarter valued at $112,000. Finally, UBS Group AG raised its stake in Controladora Vuela Co Avcn SA CV by 29.8% in the 4th quarter. UBS Group AG now owns 4,134 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 948 shares during the period.

About Controladora Vuela Co Avcn SA CV

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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